IV First stage\\
$\,Time\,Series\,\textsubscript{t-3}\, \times\ ,P\,\textsubscript{t-3}$&  -3.1626\sym{***}& -11.2274\sym{***}& -15.1094\sym{***}&  -0.0016         \\
          & (0.5664)         & (1.3027)         & (3.7259)         & (0.0246)         \\
\(N\)     &     7975         &     7975         &     7975         &     7975         \\
